// IP Marketing video - START// IP Marketing video - END

Economy Minister expect 10% industry growth by yearend

Economy Minister expect 10% industry growth by yearend

PanARMENIAN.Net - Economy Minister believes industry to have become a motive force in Armenia’s economy.

As Tigran Davtyan said in the city of Charentsavan, Kotayk province, “Armenia has so far posted 15% industry growth in 2012, with over 10% total increase expected by yearend.”

“Recent years’ industry development proves current economy to be more “logical” than the post-crisis one, with an evident upsurge in the industry and exports roles noted,” the minister said.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news